On June 30, 2016, the State House Commission approved the Department of Environmental Protection’s request to allow the Borough of Seaside Heights to transfer (dispose of) approximately 1.37 +/- acres of Borough-owned parkland, located on the Borough’s public beach, to the adjacent private owner of the Casino Pier amusement pier.   To compensate for the proposed disposal, the Borough proposed three forms of compensation:  (1) acceptance of ownership of the historic Carousel (then owned by the Casino Pier owners) for eventual public use; (2) acceptance of ownership and dedication as parkland of a vacant boardwalk parcel (Block 56, Lots 1, 3, 7 and 9, totaling 0.75 +/- acre) and (3) the dedication as parkland of 67.171 +/- acres of additional replacement land owned by Ocean County and located in Toms River Township (Block 409, Lot 20.02.)    In addition, as part of its approval, the Commission required the Borough to house the Carousel in a sheltered location in which it could be made available as a public recreational amenity, either by constructing a new building on the boardwalk replacement parcel or, if that was not feasible, then locating the Carousel somewhere else on or adjacent to the public boardwalk.   

On July 3, 2024, after a five-year $2.5 million restoration project, the carousel opened in an ADA-accessible building constructed by the Borough on the Boardwalk replacement parcel.  The building also contains public restrooms and historical displays showcasing both Seaside Heights and Ocean County history.

An informative article about the restoration of the carousel may be found here:  https://lavallette-seaside.shorebeat.com/2024/06/seaside-heights-historic-carousel-to-open-to-the-public-july-3-heres-a-preview/